Introduction You are an experienced staff accountant working on the audit of RB Johnson Electric Company (the Company) as of and for the year ended December 31, 2022. All of the outstanding common stock of the Company is owned by Barry and Sam Johnson, who are brothers. The Company is engaged in commercial electrical construction on the East Coast of the United States. The Company was formed on January 1,1947 , and has been in continuous operation since that date. The Company employs approximately 100 people and has normal revenues between $25 and \$35 million. The Company's bonding needs and its line of credit agreement, with Truist, require the financial statements to be audited. The Company has a very good Chief Financial Officer, who was at one time a manager with your firm. Your firm has audited the financial statements for the last 10 years. Adam Silvia is the engagement partner and Joey Sykes is the engagement manager. Based on some staffing issues, you have effectively been assigned the role of engagement senior on this client and you are excited to be working with Joey and having a number of increased responsibilities. The audit has been completed and you and Joey are getting ready to transmit the completed file to Adam for his review. The Company uses the accrual method of accounting and recognizes revenue on the percentage completion method of accounting. The Company's recent adoption of ASC 606 did not materially impact the Company's revenue recognition. The Company's trial balance, as of and for the year ended December 31, 2022, follows. Problem 7 (Written Representations) You are assisting Joey in drafting the management representation letter as of and for the year ended December 31, 2022. Your audit report will be dated March 15, 2023, and the Company's 2022 financial statements will be comparative with the Company's 2021 financial statements. In the past, the engagement letter has been signed by the Company's CFO, Barry Johnson, as the Company's CEO, and the Company's Accounting Manager. On December 31, 2021, the Company's former Accounting Manager, Julie Tyson retired, and she was replaced by Donovan Duffer effective January 1, 2022. Required By reference to the appropriate professional standard, answer the following questions. - When should the written representation letter be dated? - Is it okay for the written representation letter to only cover the most recent year audited, December 31, 2022? - Adam Silvia and Donovan Duffer are at odds over Donovan's signature on the letter. Adam insists that Donovan sign the letter and Donovan insist that he has no responsibility for 2021 because he was not an employee of the Company. Prepare notes for your response to Donovan